The 3.1 Phillip Limstore in West Hollywood closed last year, but the American designer makes a grand comeback with a new flagship that adds to the revival and ongoing transformation of downtown Los Angeles. Lim has picked a lofty 5,000 sq.ft. [465 sqm.] space in a low-rise 1930s building which was previously occupied by a restaurant. The store’s interior design is a collab between New York…